As the Fracking Boom Spreads, One Watershed Draws the Line
After spreading across Pennsylvania, fracking for natural gas has run into government bans in the Delaware River watershed.
shale gas plays
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses
For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale drilling rush was gaining speed. “Utica Shale Holds 20 Times More Gas Than Previous Estimates”, read one headline. “Utica Bigger Than Marcellus”, proclaimed another.
Commentary: Is it only a question of when the US once again becomes a net oil exporter?
At a 10 percent /year decline rate, in order to simply maintain a production rate of 7.5 million b/d out to 2023, the US oil industry would have to replace the productive equivalent of every single oil field in the United States of America…